In episode 538 Norman Dodd tells his unusual career, which started in banking, until after investigating the circumstances surrounding the great financial crash of 1929, he reported to his bank's directors that banking would never be stable until the money system was radically reformed. Offered something of a sinecure for his silent acquiescence, he resigned only to discover that no US banks would employ him. He is principally known for his controversial report to the 1953 Reece Committee on Foundations, he began with a definition of "subversive", saying that the term referred to "Any action having as its purpose the alteration of either the principle or the form of the United States Government by other than constitutional means." He then proceeded to show that this applied to the Ford Foundation, Rockefeller Foundation, and Carnegie Endowment.